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In the August edition of Euromoney the Emerging Markets table of banks ranked by shareholders equity gave incorrect figures for total assets and asset growth for the Shanghai Pudong Development bank. The correct figures are $15,569 million and 28.67% respectively.

Two weeks after September 11, the sell-off in the Asian equity markets was unabated. Hong Kong’s Hang Seng was down 10.9%, Korea had dropped 10.8%, and Singapore had plunged 18.1%. And Japan’s Nikkei fell through the psychological 10,000 barrier. Chris Cockerill reports on what comes next

In the Netherlands, bankers anticipate that the final stage of the introduction of the euro will pass into history without a hitch.

Russia has been trying to climb out of economic isolation for the last two years. Now that economic isolation will act as a shield from recession caused by America's war in Russia's own backyard.

Belarus's small banking system has remained a sideshow during the tumult of recent years, while some of the most advanced of Europe's transitional economies suffer.

The markets were already jittery before September 11 but the terrorist attacks sent volatility soaring. The central banks poured money in to provide liquidity and cut interest rates, politicians made rallying calls to investors to help keep markets up and some hedge funds promised not to short stocks, while some lenders refused to make them available for shorting. Yet market forces prevailed: indices plummeted and then started to bounce all over the place. But some investors feel the worst is over and buying opportunities will abound.

As the dollar continued to weaken in the days after the attacks on the World Trade Centre, the euro inched up to 91 US cents, with some analysts predicting 98 cents or even parity. It has been a painful crawl back for a currency that required concerted central bank support a year ago.

Having bailed out loss-making companies, Japanese banks are bereft of capital. Their losses will become even more glaring now that they have to implement mark-to-market rules. And though the latest Nikkei slump was prompted by the attacks on the US, the adjustment is widely seen as fully justified. Selling out to foreign predators is one way out for ailing Japanese corporates but few buyers will be willing to pounce until targets are on their knees. Vodafone’s move to capture Japan Telecom has proved an interesting exception.

In periods of uncertainty, there's a tendency to go back to what you know. That's what has happened in the currency markets in the wake of the terrorist strikes in the US.

When markets were at dizzy heights and volumes were burgeoning the rapid implementation of straight-through processing looked to be a necessity. Now, though, developers and potential customers are taking a more sober view, not least because some markets don’t yet seem ready for T+1 settlement.

While it has become clear that the combination of an investment bank and a commercial bank works, it may be a long and hard journey for Citigroup to achieve across-the-board success.

Lehman Brothers escaped across the river, its emergency relocation plan kicking in within minutes of the tragedy. Merrill did not fare quite as well.